GlobeNewswire | August 20, 2020
InsuraGuest Technologies, Inc. (TSX.V: ISGI) (the “Company”), under its wholly owned U.S. subsidiary InsuraGuest Insurance Agency, LLC (the “Agency”), has signed Swarts, Manning & Associates (“SMA”) for its agency/broker program, which focuses on agencies and brokers that write general liability polices specifically for hotels. InsuraGuest will utilize SMA’s brokers and business network in Utah, Nevada and California to access SMA’s hotel clients and integrate InsuraGuest’s insurtech software platform to deliver its hospitality liability coverages. Our focus has always been on risk management and improving the risk profile of our hospitality clients,” states Mark Swarts, founder and president of Swarts, Manning & Associates. “Adding InsuraGuest’s products to our partner list will help us reduce their hotel clients’ risk ratios and claim ratios while potentially lowering their GL premiums.” InsuraGuest insurance coverage, which is purchased by a property, automatically delivers hospitality liability coverages through the property’s management system via the Company’s proprietary insurtech (insurance + technology) platform. These coverages address claims from guests and their room occupants during their stay at a hotel; coverages insert a layer of protection on a primary basis should a guest experience an accident or theft.
Read More
INSURANCE TECHNOLOGY
Invoice Cloud | March 17, 2021
Invoice Cloud, an EngageSmart answer for online bill payment services, today reported huge development in the insurance industry, having marked 150 insurance clients in three years. Invoice Cloud presently serves clients in large commercial and personal lines, laborer's compensation, farm bureaus, medical malpractice, regional carriers, and managing general agents (MGAs)— supplanting significant contenders more than 40 times.
The previous year brought a restored push for advanced change in the insurance industry as a worldwide pandemic challenged insurers to communicate, service and process manual payments, and to win new business. All must be managed without taking a chance with the wellbeing and prosperity of workers acquainted with an in-person working model.
With mail frameworks under huge tension in the midst of extreme climate occasions and a critical expansion in volume, the requirement for protected, productive, easy to use computerized payment choices has additionally skyrocketed. People and independent ventures have been under colossal monetary pressure with worldwide disturbance and a financial plunge at play, just enhancing the requirement for disentanglement of payments.
Invoice Cloud clients have encountered striking, substantial advantages from the stage. California Mutual, for instance, encountered a 151% expansion in e-appropriation and higher consumer loyalty, a 15x expansion in paperless enlistment, a normal diminishing of 15 hours of the week spent on payment compromise, and a lessening in sent payments, all inside a year of carrying out the Invoice Cloud arrangement.
Invoice Cloud has additionally as of late marked two large clients in laborer's compensation insurance. The organization's work with carriers of laborer's compensation insurance shows the arrangement's top-rate customization abilities, as these clients frequently choose a pay-more only as costs arise plan rather than the basic level fee model utilized by most insurance organizations.
About Invoice Cloud
Invoice Cloud, an EngageSmart solution, is the leading provider of online bill payment services. Founded in 2009, the company has grown to be one of the leading disruptors in the cloud-based electronic bill presentment and payment (EBPP) space, helping legacy institutions put customer experience first. By switching to InvoiceCloud, clients improve customer engagement, loyalty, and efficiency while reducing churn and missed payments in the process. With over 2,100 clients across the US and over 50 million payments processed annually, InvoiceCloud is one of the most secure, innovative, and inclusive fintech solutions in the market.
Read More
INTELLECTUAL PROPERTY
AmWINS Group, Inc. | January 04, 2021
AmWINS Group, Inc. a worldwide merchant of specialty insurance products and administrations, today reported the rebranding of subsidiary Networked Insurance Agents to AmWINS Access – Admitted Placement Services, compelling January 1, 2021.
Networked joined AmWINS in 2017 as a main insurance aggregator, bunch, and showcasing network composing conceded business for in excess of 1,300 retailers in each of the 50 states. AmWINS Access is a cross country restricting stage for little property and loss business involving three fragments: E&S Small Commercial, Personal Lines, and Admitted Placement Services.
“The culture that Networked Insurance Agents has instilled over the past 28 years remains intact, and building partnerships that result in meaningful, lasting relationships is still at our core,” said Larry Oslie, Chief Operating Officer of Admitted Placement Services. “With further integration into AmWINS Access, we can provide our retail agency partners with a one-stop shop for admitted and E&S capabilities.” The move reflects AmWINS’ rich legacy of being built as one team supporting clients, markets, and spheres of interest on every continent through a global platform of network partnerships and local expertise.
“Great progress has been made since joining the AmWINS family three years ago, as Networked Insurance Agents steadily expanded their membership footprint while enabling members to realize their full potential,” said Tony Gresham, President of AmWINS Access. “AmWINS Access – Admitted Placement Services will continue offering independent agents and brokers innovative solutions now paired with the expertise and market access of the largest P&C wholesaler in the United States.”
About AmWINS Group, Inc.
AmWINS Group, Inc. is the largest independent wholesale distributor of specialty insurance products in the United States, dedicated to serving retail insurance agents by providing property and casualty products, specialty group benefit products, and administrative services. Based in Charlotte, N.C., the company operates through more than 115 offices globally and handles premium placements in excess of $20 billion annually.
Read More